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The global solvent market size was valued at USD 34.6 billion in 2014 and is expected to expand at a CAGR of 4.8% over the forecast period. Solvent is a chemical that liquefies in a chemically diverse solute to make a solution. It is generally in liquid form but is also available in gaseous and solid form. There are two variants of solvents, namely conventional and organic. Organic ones are majorly used in traditional applications, such as dry cleaning, as well as in manufacturing industries. They are highly flammable in nature except chlorinated solvents. Some of them cause health hazards such as toxicity in reproductive systems and nervous systems. Moreover, they can damage lungs, kidneys, and even lead to cancer.
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